Gov’t Partially Awards Reissued 10-Year Bonds at Higher Yields - BusinessWorld Online

Middle East tensions push up Treasury bond yield

MANILA, Philippines – The Philippine government failed to fully raise its target amount from long-dated local debts during Tuesday’s sale of Treasury bonds (T-bonds). This, after creditors sought higher rates amid market volatility triggered by the Israel-Iran conflict. READ: Israeli strikes damage Iran’s underground nuclear site – IAEA Auction results showed the Bureau of the

Gov’t partially awards reissued 10-year bonds at higher yields - BusinessWorld Online

THE GOVERNMENT made a partial award of the reissued 10-year Treasury bonds (T-bonds) it auctioned off on Tuesday as investors asked for higher rates amid global market volatility due to geopolitical concerns. The Bureau of the Treasury (BTr) raised just P27.603 billion from its offering of reissued 10-year bonds, below the P30-billion plan, even as total bids reached P55.422 billion or nearly twice the amount placed on the auction block. This br…